crasch (crasch) wrote,
crasch
crasch

LETS

The LETsystem
A local currency that works by Michael Linton
Governance (In Context #7) Autumn 1984, Page 60
http://www.context.org/ICLIB/IC07/Linton.htm

"A LETSYSTEM, or Local Exchange Trading
System, is a new economic organization applicable to any community. It
is a self-regulating economic network which allows its members to
generate and manage their own (completely legal) currency system
independent of and parallel to the federal money system. It offers
communities everywhere the tools to stabilize and support their local
economy without diminishing their participation in the whole. It
allows members of the local community to exchange goods and services
on a "green dollar" basis when federal dollars are scarce or
unavailable."
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